Monday, August 24, 2015

Stock Market: Is this a "correction" or the beginning of the end?...

I don't know, and no one else does either.

It's all speculation.

Disclaimer: What I know about the functioning of the stock market could be stuffed into a thimble, and that thimble would still float.

I do know this: We are operating in a debt-based economy. Debt is not necessarily bad if the debt holder, in this case governments or corporations, produce an asset, bring in enough money to service the debt, pay it's employees, and still make some profit. We have many, many companies that are not doing that. That's not good.

A whole bunch of make-believe money is being shuffled from here to there while nothing of any value is being produced. It's all smoke and mirrors.

I also know this: When the dominoes fall, the elites won't suffer. It's the guy in the middle who will get the life squeezed out of him.

This is an interesting interview from X22 with Bill Holter.

Bill Holter: After a lengthy career in financial
services, he retired in 2006 and moved his family out of the U.S. He
then returned in 2011 and currently makes his home in Texas. He joined
Miles Franklin
as an Associate Writer in 2012 and posted commentaries to their website
until early 2015. He is now working in collaboration with Jim Sinclair
and helping to educate and enlighten folks through Jim's site. His daily features can be be found at the JSMineset site:

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About Me

My name is Adrienne and I want to welcome you to my world. I have a daylily nursery in beautiful North Idaho and specialize in personal service. I am a life long gardener and a Master Gardener but I believe that simple is best.
I love to design interiors and gardens, paint, and read.
My other interests are my Catholic faith and politics.